Boston Advisors LLC Has $38,228,000 Position in Visa Inc. (V)
Boston Advisors LLC reduced its position in Visa Inc. (NYSE:V) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 515,411 shares of the credit-card processor’s stock after selling 2,425 shares during the period. Visa makes up about 1.0% of Boston Advisors LLC’s portfolio, making the stock its 16th largest position. Boston Advisors LLC’s holdings in Visa were worth $38,228,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Iowa State Bank bought a new stake in shares of Visa during the second quarter valued at $111,000. West Oak Capital LLC increased its stake in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock valued at $114,000 after buying an additional 1,090 shares during the last quarter. WealthTrust Arizona LLC increased its stake in shares of Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock valued at $177,000 after buying an additional 21 shares during the last quarter. Invictus RG increased its stake in shares of Visa by 144.2% in the first quarter. Invictus RG now owns 2,454 shares of the credit-card processor’s stock valued at $188,000 after buying an additional 1,449 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in shares of Visa by 67.3% in the second quarter. Arcadia Investment Management Corp MI now owns 2,700 shares of the credit-card processor’s stock valued at $200,000 after buying an additional 1,086 shares during the last quarter. Institutional investors own 80.08% of the company’s stock.
Visa Inc. (NYSE:V) traded up 0.01% during trading on Thursday, reaching $83.36. The company’s stock had a trading volume of 7,687,143 shares. The firm has a market capitalization of $196.73 billion, a P/E ratio of 35.43 and a beta of 0.95. The stock has a 50-day moving average of $81.96 and a 200 day moving average of $79.03. Visa Inc. has a one year low of $66.12 and a one year high of $83.79.
Visa (NYSE:V) last issued its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The business earned $3.63 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. On average, equities research analysts predict that Visa Inc. will post $2.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.56 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio (DPR) is presently 24.35%.
Several analysts have weighed in on V shares. Jefferies Group reiterated a “buy” rating on shares of Visa in a research report on Tuesday, July 5th. Vetr downgraded Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 target price for the company. in a report on Monday, July 11th. Sanford C. Bernstein restated an “outperform” rating and set a $97.00 target price on shares of Visa in a report on Thursday, June 9th. Barclays PLC decreased their target price on Visa from $90.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Finally, Nomura restated a “buy” rating and set a $91.00 target price on shares of Visa in a report on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $88.69.
Visa Company Profile
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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